Rockefeller Capital Management L.P. Raises Holdings in The AZEK Company Inc. (NYSE:AZEK)

Rockefeller Capital Management L.P. grew its stake in The AZEK Company Inc. (NYSE:AZEK - Free Report) by 101.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 859,910 shares of the company's stock after acquiring an additional 433,125 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.60% of AZEK worth $40,820,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AZEK. Sterling Capital Management LLC grew its stake in AZEK by 21.1% in the fourth quarter. Sterling Capital Management LLC now owns 4,194 shares of the company's stock valued at $199,000 after purchasing an additional 732 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of AZEK by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 63,125 shares of the company's stock worth $2,997,000 after buying an additional 400 shares during the last quarter. Capital Fund Management S.A. grew its position in shares of AZEK by 57.5% in the 4th quarter. Capital Fund Management S.A. now owns 148,441 shares of the company's stock worth $7,046,000 after buying an additional 54,189 shares during the last quarter. CenterBook Partners LP raised its stake in shares of AZEK by 118.1% during the 4th quarter. CenterBook Partners LP now owns 12,704 shares of the company's stock worth $603,000 after acquiring an additional 6,880 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in AZEK by 3.3% during the fourth quarter. Bessemer Group Inc. now owns 278,533 shares of the company's stock valued at $13,221,000 after acquiring an additional 8,992 shares during the last quarter. 97.44% of the stock is owned by institutional investors.

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Analyst Ratings Changes

AZEK has been the topic of a number of recent analyst reports. Citigroup reaffirmed a "neutral" rating and set a $51.50 price target (down from $61.00) on shares of AZEK in a research report on Tuesday, March 25th. Raymond James set a $51.50 price target on AZEK in a research note on Tuesday, March 25th. BMO Capital Markets boosted their price target on AZEK from $54.00 to $57.00 and gave the stock a "market perform" rating in a research note on Monday, March 24th. Stephens downgraded shares of AZEK from an "overweight" rating to a "mixed" rating in a report on Monday, March 24th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $53.00 target price (down from $58.00) on shares of AZEK in a research note on Monday, March 24th. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $53.40.

AZEK Stock Performance

NYSE:AZEK traded down $0.59 during trading hours on Tuesday, reaching $46.66. The company had a trading volume of 2,283,747 shares, compared to its average volume of 2,156,429. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.56 and a quick ratio of 1.19. The AZEK Company Inc. has a 1-year low of $35.48 and a 1-year high of $54.91. The business's 50 day moving average price is $46.23 and its 200-day moving average price is $47.55. The firm has a market cap of $6.70 billion, a PE ratio of 47.14, a price-to-earnings-growth ratio of 1.91 and a beta of 1.86.

AZEK (NYSE:AZEK - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. AZEK had a net margin of 9.85% and a return on equity of 13.47%. Research analysts forecast that The AZEK Company Inc. will post 1.34 EPS for the current year.

Insider Activity at AZEK

In related news, CEO Jesse G. Singh sold 20,387 shares of AZEK stock in a transaction on Monday, February 10th. The shares were sold at an average price of $50.08, for a total value of $1,020,980.96. Following the sale, the chief executive officer now owns 883,765 shares of the company's stock, valued at approximately $44,258,951.20. This trade represents a 2.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is owned by company insiders.

AZEK Company Profile

The AZEK Company Inc engages in the design, manufacturing, and selling of building products for residential, commercial, and industrial markets in the United States and Canada. It operates through two segments: Residential and Commercial. The Residential segment designs and manufactures engineered outdoor living products, such as decking, railing, trim and molding, siding and cladding, pergolas and cabanas, and accessories under the TimberTech, AZEK Exteriors, VERSATEX, ULTRALOX, StruXure, and INTEX brands.